Heating, ventilation, and air conditioning equipment, more commonly known as HVAC equipment, provides conditioned air inside a building, creating a comfortable and favorable environment. Conditioned air is clean and odor-free air with its temperature, humidity, and movement controlled within a certain comfort level.The basic components of an HVAC system consist of:

Fans to circulate the air

Supply air ductwork

Outside air device

Return air ductwork

Mixed air chamber

Filter section

Heat exchangers

Auxiliary heating devices

Compressors

Condensers

Pumps

Central heating source

Central cooling source

Controls

HVAC systems are widely used in industries such as construction and infrastructure, health care, and data centers.

Technavio’s analysts forecast the HVAC equipment market in APAC to grow at a CAGR of 6.15% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the HVAC equipment market in APAC during the period 2015–2019. For ascertaining the market size and vendor share the report considers the revenue obtained from the sales of HVAC equipment.

Technavio's report, the HVAC Equipment Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape in APAC and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

Carrier

Daikin Industries

Hitachi

LG Electronics

Other Prominent Vendors

AB Electrolux

GD Midea

Gree Electric Appliances

Haier

Ingersoll Rand

Johnson Control

Lennox International

Nortek

Paloma Industries

Samsung

Siemens

Market Driver

Increase in Income Levels in APAC

For a full, detailed list, view our report

Market Challenge

Capital-intensive Market

For a full, detailed list, view our report

Market Trend

Shift to Green Technology

For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – HVAC Equipment Market in APAC 2015-2019

Technavio recognizes the following companies as the key players in the HVAC Equipment Market in APAC: Carrier, Daikin Industries, Hitachi and LG Electronics

Commenting on the report, an analyst from Technavio’s team said: “The HVAC equipment market in APAC is shifting toward green technology and the use of smart solutions. With the advent of hybrid systems and non-polluting refrigerants such as HFC, HVAC vendors and end-users are shifting toward green technology. HVAC vendors are developing new heating and cooling equipment, which is compatible with the eco-friendly refrigerants such as R32. Therefore, companies are manufacturing HVAC systems that meet and exceed guidelines for ENERGY STAR ratings and Energy Guide labels to align themselves with green technology. Hence, many countries are taking the green initiative to promote clean energy.”

According to the report, the demand for HVAC equipment is directly related to affordability. Income levels are increasing rapidly in APAC enabling people to afford expensive HVAC equipment. Developing countries such as China, India, Indonesia, and South Korea are enjoying an era of enormous economic development, coupled with rapid industrialization and urbanization. The exhibit below gives a pictorial representation of the increasing trend in the annual per capita disposable income levels of both urban and rural households.

Further, the report states that many residential users in developing countries in the region are finding it difficult to adopt domestic HVAC equipment such as ACs, household furnaces, and other HVAC equipment.